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for the 1850s political party, the no-nothings began to form under president george w. bush. this month's news from iraq has inspired bushies to defy their man. got into one of the most expensive schools in the country! [ male announcer ] when stress gives you heartburn with headache... alka-seltzer gives you relief fast. [ low male ] plop, plop. [ high male ] fizz, fizz. >>> former bush adviser's journalistically dishonest comment to president bush. he tries to canonize the greatest republican president of this century. >>> what happened to him was a hate crime. it might turn out to be a true federal crime. >>> we will read from the book of frank glenn graham. yea, do not believe thy education. trusteth only in evangelicsevan. >>> just think of this man as the half governor. ahead on "countdown." a consumers digest best buy. they like that chevy backs the quality with a one-hundred-thousand mile powertrain warranty. they're not just trading in, they're trading up. qualified lessees now get a low mileage lease on this malibu ls for around one ninety-nine a month. call for details. the switch b
political party, the no-nothings began to truly form under president george w. bush. this month's news from iraq has inspired bushies to try to deify their man. well, man-god. but the laters attempt from former bush advisor, is so ham handed, so intellectually bankrupt, it requires a full answer and we will give that answer next. appraiser: for example the fingers are perfect. appraiser: the bird is in mint condition. appraiser: and i would say if this were to go to auction today, appraiser: conservatively it would be worth 2 in the bush. woman: really? appraiser: it's just beautiful, thank you so much for bringing it in. woman: unbelievable anncr: geico. 15 minutes could save you 15% or more. >>> former bush adviser's journalistically dishonest comment to president bush. as the far right goes far afield to try to canonize the greatest republican president of this century. what happened to him was a hate crime. now it might turn out to be a true federal crime. >>> we will read from the book of frank glenn graham. as the prophet from fox warns us yea, do not believe thy education. trusteth o
two, tax cuts. nine years ago, june 2001, just four months after taking office, the bush-cheney administration introduced sweeping revisions of the u.s. income tax rate. congress approved the cuts on may 26, 2001. the new law cut the income taxes for all americans and all tax brackets. 15 to 10, 28 to 25, 31 to 28, 36 to 33, and 39.6 to 35%. okay. fast-forward to new year's day, january 1, 2011, next year, three months from now! the tax cuts are set to expire under a sunset provision as the original 2001 legislation dictated. president obama does not want the sunset. he wants to keep the bush- cheney tax cuts in place, except for two brackets -- the brackets for the money class of society. >> the wealthiest americans who disproportionately benefitted note only from tax cuts from the bausch and bush administration but also benefitted when it comes to corporate profits and where the gains and productivity were going, they're going to give up a little more. >> just this week, senate republican leader mitch mcconnell introduced a bill that would keep in place bush- cheney tax
the president made this speech. he is advocating a return to 2008 spending levels and to the bush tax cuts. so what is different between what john boehner who would be the speaker if the republicans gain power and what george w. bush represented. so the president is trying to draw a clear contrast. it may be too little, too late. but it's one of the few tools he has left at this point in the game. >> boehner is what, one of 12 kids? he is an honorable guy? >> he -- >> kennedy was a big pal of boehner. >> he has policies that got us into the ditch and he doesn't have any new ideas and he smokes like a chimney and spends time in the tanning bed. >> listen. >> he lives on the edge of a golf course. >> exactly. the reason now obama is turning his gunfire on to john boehner is that for years he has been demonizing president bush. that is no longer working. that doesn't have traction with the american people anymore. nobody knows john boehner, frankly nobody cares, even most republicans don't care about john boehner. interestingly, he could be speaker of the house if the republicans gain cont
gracious to have done so but as he political issue if he ever were to praise george bush the surge, a disparaged democratic pace would be even more dispara disparaged. >>> the new orleans health clinic in the wake of the bp disaster. the second leading illness reported. depression. who set their house on fire? the flowers. on the porch. seriously. >>> and st. beck, as in wreck. cotton blather strikes again. >> i went to the national archives and i held the first inaugural address written in his own hand by george washington. >> wrong again, sun yung beck. all the news and commentary now on "countdown." >> maybe i wasn't clear enough. >> good evening from new york. and then there were five. after last night's concession by the incumbent republican senator from alaska, five establishment gop candidates have now been defeated by as many tea party candidates whose anti-establishment pretense repeatedly clashes with their full-throated defense of big business. our fifth story, the tea party beckons the hard right. democratic leaders need help from the organization they so often take for
be a payroll tax holiday that costs $300 billion. extending the bush tax cuts for the rich by one year costs $35 billion. we will talk to a democrat pushing to keep all of the bush tax cuts coming up. but, first, to karl rove on which gets more bang for the buck. $300 billion in tax breaks for small business? $35 billion for the rich? where's the biggest bang for the bucks. >> depends on what the tax cuts for small business are. the package the president laid out for small business since congress went out in alland he said the republicans have to pass, a bail intermediate for community banks. i thought we were fed up with bank bailouts. $35 billion in permanent cuts for people at the top of the cycle is a tax cut for small business. 54 percent of sub chapter s small businesses pay higher taxes if the the top brackets go up and 33 percent of women and partnerships, 50 percent of all smaws business income is taxed at a higher level if the rates go up and they employ a quarter of people in small business the better bang for the buck is something permanent in nature. >> would this president allo
to let the bush tax cuts expire for the wealthy. individuals earning overed 200,000 and couples over $250,000. plus, he wants to spend $50 billion on transportation projects and create $200 billion in business tax breaks, allowing small businesses to write off capital investments lat next year, giving them more cash to hire new workers. >> we're talking investments into tomorrow that are creating hundreds of thousands of private sector jobs right now. >> all of it paid for by ending tax breaks for big companies. republicans say it's the wrong approach. >> i don't think the american people want any more stimulus spending coming out of washington. we need to get our arms around the out of control spending. >> it's a probe business agenda designed to help ailing democrats in november, facing an electorate that's sick of facing washington politics. >> the state of the nation is what should be the driving force, and not whether you're democrat, republican or somewhere in between. >> president obama today hoping the promise of more jobs will convince voters to stick with his party. >> economist
presidents clinton, george w. bush. his take on barack obama. plus the white house has identified their enemy number one in the up coming elections. we'll tell you who he is and why they are going after him that and more, straight ahead. [ female announcer ] se is the only furniture lish with febreze freshness. it helps eliminate odors while you clean and condition. you may never go back to your old furniture polish. ♪ science! [ female announcer ] swiffer gives cleaning a fresh new meaning. za@i@y@y host: could switching to geico realis a bird in the handre on worth 2 in the bush? appraiser: well you rarely see them in this good of shape. appraiser: for example the fingers are perfect. appraiser: the bird is in mint condition. appraiser: and i would say if this were to go to auction today, appraiser: conservatively it would be worth 2 in the bush. woman: really? appraiser: it's just beautiful, thank you so much for bringing it in. woman: unbelievable anncr: geico. 15 minutes could save you 15% or more. >> sean: census figures for 2009 will be released next week. the number of people in p
to former president george w. bush. it's well known that he and i disagreed about the war. and no one can doubt president bush's support support for our troops or his love of country and commitment to our security. he has supported this war and patriots who have opposed it. and all of us are united in appreciation for our servicemen and -women and our hopes for iraqi's future. >> senator graham is here from south carolina. good evening, senator. why did president obama give this speech? >> i guess the president is trying to let the american people know that, you know, combat operations are over and that's something that we have been hoping for for a very long time. i knowledge it's a missed opportunity by the president, quite frankly, to lay the cards out on the table and acknowledge not only did he and the president have differences, but president bush made adjustments in 2007 that led to the steps that we are having today. i really wish that president obama would acknowledge that. i think that would have been a classy thing to have done. >> i think you are making reference to the surge,
will remain with a different mission this afternoon i spoke to former president george w. bush. it is well-known that he and i disagreed about the war from its outset yet, no one can doubt president bush's support four -- for our troops and love of country. there were patriots who supported this war and patriots who opposed it. all of us are united in appreciation for our servicemen and women and our hope's for iraq's future. if he >> greta: senator, why did president obama give this speech? >> well, this is a transition moment. combat operations inn%áÑ general the commander in iraq indicated that we could withdraw 50,000 troops. i guess the president is trying to let american people know that combat operations are over and that's something that we've been hoping for, for a long time. i think it is a missed opportunity by the president, frankly to lay the cards out on the table and acknowledge not only did he and the president have differences, but president bush made adjustments in 2007 that led to the success we are having today. i really wish president obama would acknowledge that i i
it's time to turn the page. >> i spoke to former president george w. bush. it's well known that he and i disagreed from the war from the output. >> after a short salute to president bush, he moves on to the economy. what's the real message here? we'll break it down. >> results are in for alaska's republican primary. finally it was the party favorite vs. the palin-backed tea party candidate. who won? we'll tell you who the official winner was and who gave the concession speech. "fox & friends" meanwhile starts right now. >> all right. it's september 1st, a little earth, wind and fire. >> right. >> and we could be getting all three this weekend up and down the east coast. >> let's hope not. there's a variety of reasons why. most importantly, safety for all the people up and down the east coast. eric in for steve doocy. >> thank you. good to be here. >> money rocks guy here. >> that's right. that's right. >> so good to see you in person and you go through a tough transition in your career. tie or no tie? i mean, you look natural. >> listen, i was all for the tie, you know. they sai
's true. >> sean: ouch! boom! you took more shots george bush. i've been saying mr. president, put your pants on, sit at the table and man-up. i am tired this is his budget, debt, deficit, stimulus, health care. i am tired of him whining, complaining and blaming everybody as he does in this article, but himself. >> have you ever seen a president do this before? >> sean: no. >> any president in your lifetime taken on this kind of tone, either towards his predecessor or a single media outlet. i have never seen this before. >> sean: the level of immature you worked with president bush. president bush has been totally, completely utterly silent, i don't know how he does it. after two years of nonstop shots, i inherited, i inherited, this was the worst, et cetera. it is time for president bush to fire back and say man-up. >> president bush took a cue from his dad, also gracious and never talked about his successor in a negative way. president bush promised he wouldn't and he's not going to. the rest of america is tired of it as well. the fact they have to go tonight to universities to try to
by a failure to extend all of the bush tax cuts. and secretary of state clinton sounds a warning over what she calls a serious threat to national security. live from our studio in washington. this is "special report." good evening. i'm bret baier. today in the buckeye state, president obama shared his family struggle with making ends meet in tough economic times. but it was his remarks on the wealthy that drew the sharpest response from his critics. white house correspondent wendell goler takes a fair and balanced look. >> reporter: two weeks after house republican leader john boehner called on the president to fire his whole economic team, mr. obama went to the minority leader backyard to deliver a personal rebuttal. >> there were no new policies for mr. boehner. there were no new ideas. there was just the same philosophy that we had already tried during the decades that they were in power. >> in his august 24 speech, boehner said the worst the economy gets the more the president defends the indefensible. president obama today defended his refusal to extend the tax cuts for families making mo
. to reinforce that point, laura bush and michelle obama will pay tribute together at the flight 93 crash in shanksville, pennsylvania. this is more on my mind this year than any other, due to emotional talks about mosques, and even though the president did not draw the discussions in, he talked a about it today at the white house, and he shrugged off the cold reality that many democrats are running from him and his agenda this political year. but first, the issue that changed the president to professorial on 9/11. he says he sees no reason that a mosque and cultural center should not be built a few blocks from what we now call ground zero. so is this 9/1 different and we will talk it over with david gergen, and roland martin and erick erickson, and two correspondents in the east room for the news conference, times michael sheerer, and ed henry. ed, start with the president talking so passionately about tolerance in america, and about, and there was some controversy about a ramadan dinner he said he supported the mosque and then some thought he had stepped back, but today, it is clear fro
and extending bush era tax cuts to help create jobs. joining us exclusively today to discuss their plan, house republican leader john boehner and congressman kevin mccarthy who was the driving force behind the ledge. pledge. welcome back to "fox news sunday." >> president obama says it is the worn out philosophy of president bush. you do go back to the bush budget and would extend the bush tax cuts. congressman boehner how does the document show that the gop change the since the last election? >> i think it is clear with what is going on in washington with all the spending and all the debt and all the government takeovers and control what this document says is that we reject that, we want a smaller, less costly and more accountable government and we go through and lay out specifics. whether it is spending. getting jobs going again in america. healthcare. national and border security and the issue of reforming the way congress does its business. >> chris: we will get into the specifics in a moment but congressman mccarthy, a number of conservatives aren't buying this. take a look at what eric e
w. bush's administration. joining us this week is michael mundaca, assistant treasury secretary for tax policy. here to question him is kim dixon from reuters and martin vaughn from dow jones. >> michael, i want to start out by asking you about the proposals that the president put forward, the tax proposals to stimulate the economy. one of those was that he wanted to allow businesses to immediately write off 100% of their newly commit purchases in 2011, the aim being to free up cash to invest higher. what we're leading -- what we're hearing is that cash is not the problem. the issue right now is that folks are worried about the economy neck getting better, continuing continuing to stagnate or getting worse. in that light, how much good can you do by simply offering people a tax cuts if they are just worried about the economy not getting better? >> that is a good question. i think we need to put this in context. these are one not -- these are not one-of proposals. -- these are not one-off proposals. proposals. there has been made to states. these proposals now, these targeted pro
on the coward es in the senate. the first bush tax cuts postmortem. the first quantitative analysis of the real economic impact. this from may 2001, this was nonsense. >> this tax relief helps all taxpayers. especially helps those at the low end of the economic ladder. >> the colbert report, he testifies at congress. first, the funny. >> my great grandfather did not travel across 4,000 miles of the atlantic ocean to see this country overrun by immigrants. >> then, the deadly serious. >> the least powerful people in the united states are migrant workers who come in and do our work but don't have any rights as a result, yet we still invite them to come here and at same time ask them to leave. >> then the incredibly stupid. >> what the hell was he doing before the u.s. congress? >> he was telling the truth. you wouldn't know about that. fridays with thurbur, the conclusion of the day the dam broke. worsts, liz cheney's insult to the pre turns out to be dumber than we knew and what's wrong with this picture? your eyes do not deceive you. all the news and commentary now on "countdown." >> how do you
recruited audience in place the president charged forward on the subject of the bush tax cuts. he took a page from liberals on campaigns past. class warfare. >> the president: i believe we ought to make the tax cuts for the middle class permanent. for the middle class, permanent. but the republican leader of the house doesn't want to stop there. make no mistake, he and his party believe we should also give a permanent tax cut to the wealthiest 2% of americans. >> sean: shockingly the president went so far as to blame the bush tax cuts for our economic woes. >> the president: when they passed these tax cuts in 2001 and 2003 they didn't want everybody to know what it would do to our deficit. so they pretended like gonna end even though now they say they don't. >> sean: the president had a rare moment of honesty during his speech. i hope voters are watching this. >> the president: taxes are scheduled to go up substantially, next year. for everybody. >> sean: that's right, i know the anointed one will make sure that happens. joining me with reaction former adviser to president george w. bu
george w. bush back in the oval office. the poll comes from the state of ohio. interestingly enough, it was conducted by of the left leaning public policy group 50% of residents there would prefer if george w. bush were still in office. leads by an eight point margin over the anointed one. even independents say they would rather have a third bush term now than an obama white house. news of this poll broke on the heels of the president's oval office address during which he spoke about his predecessor. >> the president: this afternoon i spoke to former president george w. bush. it is well-known that he and i disagreed about the war from its outset. yet, no one can could you tell president bush's support for our troops or his love of country and commitment to our security. >> sean: did president obama go far enough in acknowledging the former president last night? here with reaction and the bomb shell poll out of ohio, former white house communications director under george w. bush nicole wallace. and from the fox business network sandra smith is here. he supports our troops and he lov
prime minister tony blair to discuss his relationship with former presidents clinton, george w. bush. his take on barack obama. plus the white house has identified their enemy number one in the up coming elections. we'll tell you who he is and why they are going after him that and more, straight ahead. for strong bones, i take calcium. but my doctor told me that most calcium supplements... aren't absorbed properly unless taken with food. he recommended citracal. it's different -- it's calcium citrate, so it can be absorbed with or without food. citracal. >> sean: census figures for 2009 will be released next week. the number of people in poverty is set to increase by record levels on president obama's watch. according to the ap, they anticipate the poverty rate will hit 15% and child poverty will rise above 20%. yet another record for the anointed one to be proud of. hannity continues in 90 short seconds with former british prime minister, tony blair. gecko water bottle... notebook... chamois... gecko: sir, i feel a little bit uncomfortable with all... you know... with all this. i me
, the a political thing. i lived on the other side when the liberal democrat base used to say more things about bush. if you took a poll at height of push's unpopularity and said do you think he's un-american, the overwhelming majority of the democratic party would have said yes. this is our political strife from the sides of both parties. both parties have their vociferous wins. it should be taken as an element of the plitleization of all debates. >> is this nature of politics or something about president obama and what at least republicans of the country see? >> i think it has to do with president obama, it has more to do with 9/11 and the fear of terrorism. it's a fever. we go through periodic fevers. if you go back to the presidency of harry truman with dean ach chisson of secretary of state a widespread view of the country that harry truman and athchison. he argued she was pink down to her underwear. that conversation has been in american discourse for a long time and fives are come and go. we've got another one now. >> david is right. this is part of the paranoid style of americanfoo fevered.
against george bush in the midterm elections on the economy. every chance he has he brings up the fact that george bush screwed up the economic policy of the country and put us in the ditch that we are in. he is praising george bush here for the mission that sort of said be accomplished. what makes this interesting to me is why is he doing this? he is doing this out of respect for the troops. you have to do that. the sacrifices that were made in the war that is being ground found must be supported retroactively. that is the body language of it. he is also making the same nation-building case in afghanistan. he sort of claim because that is what we are about in afghanistan. as far as the peaceful end, it is already been spent. it has been spent, and he has asked for more money and will ask for more more money in afghanistan. >> is he leading right on foreign policy? >> he is open toward the right. he only used the word search, as i recall, when he discussed afghanistan. he never referenced it in my memory, and george bush's surge of activity. he has asked the people, the gates in practi
the bush tax breaks? but i think that the philosophical things that the president has said, he doesn't want to lower business or cooperate tax rates to put money in the hands of the wealthy or the rich. he will not do that. so this was plan b. >> so this is political jujitsu? from stampeding to overrule him on the bush tax rates. gested thathy he it lands with a thud in they business community because they recognize the political jujitsu. >> is it going to stop the democrats? some of them who have been very vocal about it, saying we need . is this obama proposal going to stop that? >> no, and here's why. the president and those who support his latest proposals have two problems, and remember the proposals are more than tax cuts. he put forward $50 billion in new stimulus spending in new infrastructure projects, he calls them. here's the problem. number one, stimulus is a dirty wor and people are more concerned about more spending and the deficit is huge. you have more democrats who are not eager to pass a plan like this that includes more spending, and the other prblem,f they are feeling pr
the president would acknowledge george w. bush during his remarks. tonight those questions were answered. >> the president: this afternoon, i spoke to former president george w. bush. it is well-known that he and i disagreed about the war from its outset. yet, no one can doubt president bush's support for our troops or his love of country and commitment to our security. >> sean: joining me with reaction to the president's address is the ranking member of the senate armed services committee senator mccain. welcome back. >> thank you sean. >> sean: you know, how ungracious of the president as we just see. he said the minimal things george bush supports our troops. he loves our country. that's the best co-muster? >> well, -- the best he could muster? generosity of spirit. what he should have said. i opposed the surge. i was wrong. i made a mistake and george w. bush deserves credit for doing something that was very, very unpopular at the time. instead, he to say it is well-known that george bush really? act the fact is, that -- and the fact is that then senator obama voted to cut often fund
: for days there have been questions over whether the president would acknowledge george w. bush during his remarks. tonight those questions were answered. >> the president: this afternoon, i spoke to former president george w. bush. it is well-known that he and i disagreed about the war from its outset. yet, no one can doubt president bush's support for our troops or his love of country and commitment to our security. >> sean: joining me with reaction to the president's address is the ranking member of the senate armed services committee senator mccain. welcome back. >> thank you sean. >> sean: you know, how ungracious of the president as we just see. he said the minimal things george bush supports our troops. he loves our country. that's the best co-muster? >> well, -- the best he could muster? generosity of spirit. what he should have said. i opposed the surge. i was wrong. i made a mistake and george w. bush deserves credit for doing something that was very, very unpopular at the time. instead, he to say it is well-known that george bush really? act the fact is, that -- and the fact is
expected to urge congress to let the bush tax cuts expire for the wealthy, individuals earning over $200,000 and couples over the $250,000. plus he wanted to spend $50 billion on transportation projects and create $200 billion in business tax breaks, allowing small businesses to write off business investments giving them more money to hire new workers. >> we're talking investments tomorrow that are creating hundreds of thousands of private sector jobs right now. >> reporter: all of it ending for tax breaks by big companies. republicans say it's the wrong approach. >> i don't think the american people want any more stimulus coming out of washington. we need to get our arms around out-of-control spending. >> it's to aid democrats in november that's sick of washington politics. >> the state of the nation is what should be the driving force and not whether you do it by republicans or somewhere in between. >> president obama today hopeli hoping the promise of more jobs will convince voters to stick with his party. of course, the president can't get any of this done without congress and specif
it looks. >>> and read all about it. former first lady laura bush on global lessons in education and how to build literacy in the 21st century workforce. "wall street journal report" begins right now. >> this is america's number one financial news program, the "wall street journal report." now maria bartiromo. >> here is a look at what is making news as we head into a new week on wall street. the markets and financial community will be closely watching to see just who president obama will nominate to replace another key economic adviser who is leaving. this week lawrence summers, the director of the national economic council announce head will return to harvard university at the end of the year. this comes on the heels of peter orszag and christina romo. summers is regarded as being friendly to the business community and a voice of moderation in the administration's economic policies. the markets got off to a rip-roaring start on monday, up about 150 points on the dow, but then broke a five-day winning streak on wednesday, and fell again on thursday. the markets rebounded big on friday.
a permanent cut in taxes or at the least an extension of the bush cut in taxes but how majority whip says they are big time wrong on this small business bill. congressman, thank you for coming. so the small business thing you think will do the trick? >>guest: it will be another step in the right direction. we are in the going to correct all of these things overnight. i don't know why anyone would expect us in eight months to clean up the mess created over eight years. this is another step. in the right direction. we now have had eight tax cuts for small businesses. this is just another step. i suspect we will go to nine and ten. we do not want do clog up the system. we want to do this in a way that is lasting. >>neil: but a lot the small business men and women say just extend all the bush tax cuts. a lot of us pay at the top income rate for big business and they hear you saying it is only 3 percent but when you have average small business of ten employees or more they make up half of all small business so give them a break and do not gift this. >>guest: maybe the people on your show love
fundamentalists. let's bring in fareed zakaria, david gergen, former bush spokesman, ari fleischer and democratic strategist, paul begala. what do you make of this? couldn't the results be another way of people who don't like the president expressing disapproval or do you really think the numbers mean that the people -- the president of the united states supports sharia law? >> i think it's a republican thing, that's why i don't understand it. when you break it out by party it turns out, for example, one of the questions "newsweek" asked, you think the president favors are muslim americans or has he been even handed with all americans? 59% say he favors muslims but 62% of independents say, no, no, he's been even handed. set the democrat as side, they're going to love anything obama does. this is no the what independent americans think at all and it's not certainly what democrats think. it's just a republican thing. they could believe -- i think they should have asked do you believe the president was complicit in the murder of elvis presley, and they would have say, sure, he killed elvis. >> you t
went after republicans, who many inside the party argue will return the nation to bush-era policies if they regain congress. >> these are firsts whose policies helped devastate our middle class. they drove our economy into a ditch. and then they got the nerve to ask for the keys back. i don't want to give them the keys back! they don't know how to drive! >> well, our nbc news/"wall street journal" polls show that the "blame bush" strategy might not work. only 35% said the party would return to bush policies. 58% say republicans would offer different ideas. with us now, democratic chairman, former virginia governor, tim kaine. governor, good to see you. thank you so much for joining us. >> you bet, norah, glad to be back. >> i know you're familiar with what the president's message has been. he was on fire yesterday in milwaukee. you are going to be unveiling this midterm strategy tomorrow. what will it be? >> well, pretty much what the president was saying. that the electorate has a very clear choice between a democratic party that is doing the heavy lifting to turn an economy from n
, cuts in federal spending, and extending bush era tax cuts to help create jobs. joining us exclusively today to discuss their plan, house republican leader john boehner. and, congressman kevin mccarthy, who was the driving force behind the pledge and, gentlemen, welcome back to fox news sunday. president obama says your plan is nothing more than what he calls the worn-out philosophy of president bush, the exafact is go back to the bush budget and extend the tax cuts, congressman boehner, how does the document show the g.o.p. has changed since the last election. >> i think it is pretty clear if you look at what is going on here in washington with all the spending, all the debt, all the government takeovers and controls, what the document says, is that we reject that, we want a smaller, less costly and more accountable government and go through and lay out specifics, whether it is the spending, whether getting jobs going and -- again, in america and whether it is health care, national and border security, and, the issue of reforming the way congress does its business. >> chris: we'll get
when you get so many people so concerned about their jobs. >> if the bush tax cuts expire for those making more than $250,000 a year, what kind of an impact would you expect on consumer spending, incentives to the business community to create jobs, produce more products? tell me the impact of that? >> well, i take a different position than your colleague larry kudlow on this. i think they should be extended for the bottom 98%, but for the top 2%, save a much larger proportion of their income than they spend. to give them an additional year, just even one year would be $36 billion. that's a big hole out of the federal budget, and we cannot really afford it. millionaire families would get a $31 million windfall. again, because they're saving so much more than everybody else, they're not spending all that much, they're not going to invest in business capacity in an environment when consumers are coming out from under huge debt and are not going to consume very much. the short answer to your question, i do think the right thing to do would be to extend the tax cuts for the bottom 98%, b
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